Amortization Table

This amortization table gives you all the information you need to know about the progress of a loan being paid throughout its term.
The information also shows how much interest is being paid on the loan and how quickly the principle is being paid down.

Enter mortgage amount: Maximum $1,000,000,000.00	$
Enter amortization time: Maximum 30 years	years
Enter annual interest rate: Maximum 25%	%
Enter compounding frequency: Canada=2, USA=12
Enter yearly prepayment:	$
Payment type:
PLEASE CLICK ONLY ONCE!

Mortgage amount - The amount originally borrowed from a lender (PRINCIPAL).
Payment - Where the same amount of money (principal and interest) is paid to the lender each payment period; each time a payment is made, the principal component increases while the interest component decreases. The payment period can be monthly, weekly, bi-weekly or semi-monthly.
Yearly prepayment - The amount of money you wish to pay once a year against the principal. Usually, it is 10% of mortgage amount maximum. If you do not plan to do any prepayments, enter zero.
Annual interest rate - The amount charged by a lender to a borrower as 'rent' for the use of the lender's money. Interest charges generally accrued as a percentage of the amount borrowed. The interest rate is usually quoted in percent per year.
Compounding frequency - A number that determines how many times a year the interest rate is calculated ( annually=1, semi-annually=2, monthly=12 ). The more often interest is calculated during a year, the greater the yield to the lender and the more expensive the loan for the borrower.